Search found 14045 matches

by Watty
Wed Oct 17, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 19
Views: 1180

Re: Cross-country trip via Amtrak

looks like the cost for a round-trip For a long trip like that I would look at taking the train one way then flying in the other direction. I looked into this a while back but I never did it. One thing to watch out for is that the train may go through some of the most scenic areas like Glacier Nati...
by Watty
Wed Oct 17, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Reasonable cost for a forever home?
Replies: 21
Views: 1985

Re: Reasonable cost for a forever home?

One more thing to consider. Since you are 33 you could be in your forever home 60+ years. If you buy a 50 year home then by the time you are in your 90's the house could be over 100 years old. Even if you keep your house well maintained other houses in that neighborhood could be well past their prim...
by Watty
Wed Oct 17, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Reasonable cost for a forever home?
Replies: 21
Views: 1985

Re: Reasonable cost for a forever home?

The question is - how much is a reasonable amount to spend on a home based on the above numbers/savings/income? We plan to have a kid or two and have a puppy. We wont be expanding our cost of living. Our kid will be going to public school. You are asking the wrong question. For you the cost is not ...
by Watty
Wed Oct 17, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 29
Views: 2602

Re: "Retirement age uncertainty increases the savings needed for success"

I worked in IT (software dev, database & analysis) for 38 years until I got laid off this summer at just under age 60. My plan would have been to retire at age 67. However, at my main 4 companies in that 38 years I only saw one person survive long enough to have an option to retire. He was offered ...
by Watty
Wed Oct 17, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 31
Views: 1714

Re: Did you retire because you hit your number?

My "number" has always been a little be vague since it varied from being enough for a frugal lifestyle to probably enough to live like I wanted to certainly enough to live like I wanted and then some. One of the key things in timing my retirement was that it was a month after my wife reached 63.5 an...
by Watty
Tue Oct 16, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 22
Views: 993

Re: What would you do with unexpected tax return?

Option 2: Take the 26k and pay down my mortgage. We currently pay PMI insurance to the tune of $255 a month and will be for the next 7 years. By putting the 26k toward the mortgage, and with the home appreciation we've had, I should be able to get the $255/month removed. If that is a 4% mortage the...
by Watty
Tue Oct 16, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 20
Views: 1758

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

Sorry, I wasn't quite clear on my numbers. My mom (retiring in 3 years) and dad (retiring now) will each have about 400k, so 800k in total. This thread is technically for my father as he is retiring first, but in principle I see no reason they shouldn't both follow similar investing strategies. I t...
by Watty
Tue Oct 16, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Why buy thicker hardwood?
Replies: 14
Views: 1474

Re: Why buy thicker hardwood?

I can't for the life of me figure out why you would spend 1.5-3x more for double the thickness. You are only looking at part of the cost of putting the floor in. There will also be a lot of costs to tear out any old flooring, prepare the floor for installation, and install the wood floor. I would t...
by Watty
Tue Oct 16, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring $1.2 Mil taxable to Vanguard
Replies: 10
Views: 1389

Re: Transferring $1.2 Mil taxable to Vanguard

Many mutual funds pay dividends and capital gains distributions in December. Whatever you decide you may want to set your accounts up so that these are not automatically reinvested if you have not sold them all by then. Make sure you have cost basis information for all your investments before you do...
by Watty
Tue Oct 16, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: how to buy parents a house in Florida (with cash)
Replies: 6
Views: 885

Re: how to buy parents a house in Florida (with cash)

Are there any advantages to trusts or deeds in this situation? Some that come to mind is that you could die before them, get divorced, or sued and then the house would be up for grabs if it was in your name. I don't know if it would work this way but if it was in a trust you might even be able to i...
by Watty
Tue Oct 16, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 20
Views: 1758

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

The main reasons not to use a target date retirement fund are; 1) You don't have a good low cost one in a 401k 2) You have a lot of money in taxable accounts so you are worried about tax efficiency. Neither of these sounds like an issue for them if they roll the money into an IRA. People sometimes t...
by Watty
Tue Oct 16, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 45
Views: 1670

Re: Personal Adventure - recommendations

Some other shorter things that I have mostly not done. Some of these you might want to put on your list for when you are older. 1) Long bike trails, there are "rails to trails" where they have converted a railroad line to be a bike/hike trail. Here is an example. https://bikekatytrail.com/ 2) There ...
by Watty
Tue Oct 16, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 995

Re: Sell & Buy New Home Now vs. Next Spring

A .25% rate hike will be about $42 more for the type of home we're looking at, and a .5% hike will be about $84. Is the market expecting one or more rate hikes prior to May 2019? Any thoughts on this matter. You can usually pay extra "points" to when you get your mortgage to get a rate that is .25%...
by Watty
Tue Oct 16, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Pay CGs now to move into Index, or hold?
Replies: 8
Views: 497

Re: Pay CGs now to move into Index, or hold?

There are lots of details about your tax rates and surcharges that could be important but if the old funds are OK except for the expense ratio then they would have to be pretty high to make paying the capital gains tax now worthwhile just to get a lower expense ration. The problem is that if you pay...
by Watty
Tue Oct 16, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Zion Nat'l Park & mosquitos in October?
Replies: 17
Views: 1285

Re: Zion Nat'l Park & mosquitos in October?

I would call the park and ask since it could vary from year to year and with where you will be in the park.

I don't know about Zion but I have been places where flies were more of a problem than mosquitoes so you might ask about bugs in general.
by Watty
Tue Oct 16, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 24
Views: 2022

Re: Corporate politics/culture

Executives also lie. During a huge downturn in our industry, an Executive VP made the rounds saying that unlike our competitors who are dropping shifts and shutting down fabs, we're going to keep going, making high runners and commodities so that when the economy turns around, we'll have die that c...
by Watty
Tue Oct 16, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5723

Re: When to stop putting money into an older vehicle

Thumb rule I use (no idea where I got it): If I think $1,000 buys me 10,000 miles before the next significant repair (exclude the usual consumables), it is worth it. I don't care about the car's trade-in value. The only question I ask of an older vehicle is "how far will it get me before I haul it ...
by Watty
Tue Oct 16, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 26
Views: 1567

Re: Inflating AGI to avoid paying back ACA subsidies

How about a roth conversion? +1 If you have any capital gains in taxable accounts then taking them might be an option too. Cashing things like savings bonds might also increase your taxable income. With more than two months left in the year getting a part time job might give you enough additional i...
by Watty
Tue Oct 16, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Attempted fraud against my frozen credit - Need I do more?
Replies: 9
Views: 1548

Re: Attempted fraud against my frozen credit - Need I do more?

What is odd about this is that they sent this to your home address and at some other address was not used. I would be concerned about if the fraudster was planning on stealing the new credit card from your mailbox. If you don't have a locking mailbox already you might want to get one. If you are in ...
by Watty
Tue Oct 16, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 24
Views: 2022

Re: Corporate politics/culture

the new ceo is a guy from a good wall street firm. Unless your company is a somewhat similar wall street firm(even if not on wall street) then you have to wonder why they hired someone from a wall street firm. The reason could be that he was hired to extract value from the company then sell off the...
by Watty
Tue Oct 16, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: On investing [non-US resident] Dad's money
Replies: 11
Views: 772

Re: On investing [non-US resident] Dad's money

You should really get professional tax advice since non-resident alien taxes can be very complicated and the details can vary depending on which country he is in because of different tax treaties with different countries. Moving money to your accounts to avoid taxes could be tax fraud in some cases....
by Watty
Mon Oct 15, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to California
Replies: 49
Views: 3998

Re: Relocation to California

One thing to look into is how California taxes long term capital gains. As I recall they tax it like ordinary income(more or less). You might want to take any capital gains before the end of the year even if you rebuy the same investments right after you realize the capital gains.
by Watty
Mon Oct 15, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5723

Re: When to stop putting money into an older vehicle

Does anybody have reliable information that really quantifies how much safer newer cars are compared to older cars? I hear newer vehicles are safer and believe it, but how much safer are they? For example we have a 2000 Honda Civic. How would you quantify how much safer a 2019 Civic is compared to ...
by Watty
Mon Oct 15, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3236

Re: Boglehead's Car Talk

If I'm getting a smaller car, any other cars that have the features that Subaru Eyesight does. Toyota added a lot of safety features as standard equipment in 2018 or 2017. I have not been following it but they may have added some more for 2019 models. Some other brands have many of the safety featu...
by Watty
Mon Oct 15, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3010

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

Maybe you should move the wedding up, so she can go on your health insurance... +1 She could also officially move in with you and find someone to take over her lease. It would be good to also look at your taxes to see if being married would save you taxes. One problem will be that when she finds he...
by Watty
Mon Oct 15, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5723

Re: When to stop putting money into an older vehicle

I almost bought a 2008 Honda CRV for $7000. ..... What's your criteria on when you stop fixing a car and buy another one? I would have been the guy selling you the 11 year old CRV for $7,000 even if there was nothing wrong with it. My general plan is buy new cars that don't depreciate quickly and h...
by Watty
Sun Oct 14, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: secure land for donation for county park
Replies: 10
Views: 977

Re: secure land for donation for county park

Offer to purchase a option to buy the land. Use the interim period to have county buy in to proposal and purchase the land for a park. I am currently pursuing this option and have spoken to to county representatives, and will talk to the head of parks tomorrow. Just FYI, if a builder wanted to buy ...
by Watty
Sun Oct 14, 2018 11:40 pm
Forum: Personal Consumer Issues
Topic: Using credit card rental car insurance
Replies: 14
Views: 1160

Re: Using credit card rental car insurance

I have driven rental cars in about a half a dozen countries including several where you drive on the left but I would be cautious about getting a rental car in Italy especially in the cities and the mountain areas. We were there a few years ago and I can remember a thinking a few times, "I sure am g...
by Watty
Sun Oct 14, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5723

Re: When to stop putting money into an older vehicle

Upon inspection, the service manager said I also had a couple of leaks, which were kind of expected with a vehicle that age. He said one would be $1600 to fix and the other $1500 to fix. "service manager" sort of sounds like you were having the work done at the dealership. Independent mechanics wil...
by Watty
Sun Oct 14, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Need Assistance for Pre-retirement Planning
Replies: 5
Views: 604

Re: Need Assistance for Pre-retirement Planning

...rather risk-averse with investment choices (maybe up to 40% in stocks after retirement). For comparison; 1) The Vanguard 2015 fund is is 45% stock. https://investor.vanguard.com/mutual-funds/profile/VTINX 2) The Vanguard Retirement Income fund is 30% stock. https://investor.vanguard.com/mutual-f...
by Watty
Sun Oct 14, 2018 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Need Assistance for Pre-retirement Planning
Replies: 5
Views: 604

Re: Need Assistance for Pre-retirement Planning

- Eligible for SS; estimating $25K per year at 67; spouse will be eligible for 50% of mine; Delaying Social Security may be a good idea to no only to maximize your Social Security but to allow you to do Roth conversions in a lower tax bracket before Social Security and RMDs start. You can see what ...
by Watty
Sun Oct 14, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 federal income tax
Replies: 9
Views: 972

Re: 2018 federal income tax (low income)

MFJ income: $75,000 Just FYI, the median household income is about $60,000 so $75,000 is not low income. Preliminary versions of the federal tax software usually comes out in early December. You might want to get it as soon as it comes out so that you can do a trial tax return before the end of the...
by Watty
Sun Oct 14, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 1800

Re: Buy car cash or take low rate loan

Alright. This has been asked many times before and it seems the general consensus is to pay cash but I don’t quite understand why. I bought a Corolla back in January that cost less than half that. At that time they had a 0% interest rate promotion and there was not a rebate that you had to give up ...
by Watty
Sun Oct 14, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 63
Views: 5082

Re: Should we move to San Diego from east coast?

We want to also our lives now not just in retirement and also kids will get to do a lot more activity. But just trying to rationalize it. I One thing to consider is if your kids will be able to afford to live near you when they grow up. There is no telling where they will end up but unless they hav...
by Watty
Sun Oct 14, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 63
Views: 5082

Re: Should we move to San Diego from east coast?

It would be hard to comment on the part about being closer to family. One thing to consider though is that if you move there and live an hour or more away from them then you might not actually see them all that often.
by Watty
Sun Oct 14, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2606

Re: Making Winter Camping more comfortable

Just car camping for now ..... Temps would probably be 30-50 degrees. Maybe sometimes down to 20 degrees, but it typically doesn't get that cold here. Other than a heaver sleeping bag and pad that is really not all that different than camping in the fall and winter, except that there should not be ...
by Watty
Sun Oct 14, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1170

Re: Suit for Teenager

I have not done it but some places that rent tuxedos also rent suits so if it is mainly for a one time event that might be a less expensive option to look into. Depending on the events he is likely to go to slacks and a sports coats may be an alternative. Frankly for a teenager I have hard time imag...
by Watty
Sun Oct 14, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5328

Re: Weigh in on our Marital Argument =)-- HCOL edition

We are close to our parents and love for them to visit, but we hate that our kids sleep is disrupted because their bedroom is taken over for a week, several times a year. When the parents are visiting could the kids or your parents sleep in your room and then you and you husband could sleep in the ...
by Watty
Sat Oct 13, 2018 10:03 pm
Forum: Personal Consumer Issues
Topic: Cancun in a few weeks
Replies: 47
Views: 2833

Re: Cancun in a few weeks

Probably try to go to the ruins again if we can find a decent tour group through the hotel. I agree that not getting a rental car is a good idea for your first trip there especially if you no not speak good Spanish. It was over ten years ago but we ended up hiring a taxi for the day to go to Chiche...
by Watty
Sat Oct 13, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buy new car with 25% tax credit vs. Keep old car
Replies: 9
Views: 894

Re: Buy new car with 25% tax credit vs. Keep old car

....faced with the choice of Buying a new $30k car with 25% off the out-the-door price via tax credit vs. Keeping a 10-year-old originally priced $30k car? That is a false either or choice. There are literally dozens of other new cars that you could consider and hundreds of permutations of used car...
by Watty
Sat Oct 13, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2606

Re: Making Winter Camping more comfortable

Some more thoughts; 1) Propane canisters do not work well in cold weather so research that and consider a different type of fuel for your stove. 2) Batteries also do not work well in cold weather. You may want to keep spare batteries inside your coat to keep them warm. 3) If you are car camping then...
by Watty
Sat Oct 13, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2606

Re: Making Winter Camping more comfortable

Anyway, curious to hear from the experienced cold weather campers. Any tips? How cold are you talking about? It has been a while since I have camped in the winter but as I recall down in the 20's really was not that bad if you were dressed for it and getting too hot when you were active was more of...
by Watty
Sat Oct 13, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 38
Views: 2482

Re: Lost Power for 24 hours - what food to toss?

ThankYouJack wrote:
Fri Oct 12, 2018 4:24 pm
I'm also wondering about frozen fruit, vegetables, bean burritos, black bean burgers that thawed and will be refrozen.
I would not freeze it again I would just eat as much as possible over the next few days.

Some things you could cook into something like a stew and then freeze the cooked stew.
by Watty
Sat Oct 13, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bank lost beneficiary paperwork, says must go through probate
Replies: 18
Views: 2487

Re: Bank lost beneficiary paperwork, says must go through probate

Similar problem occurred in my family. A relative thought his TSP account named a beneficiary. TSP said did not have a record of it. Resulted in several $100K of taxable income for his heir. TSP is a tax differed savings plan so heirs always will pay tax on the drawn out income. Do you mean the rel...
by Watty
Sat Oct 13, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5866

Re: Neighbor discussing finances with me

+1 for a book. Call it an early Christmas present. Another +1 It would be a much different situation but people have talked about buying things like bitcoin, dot coms stocks, or houses midway through a housing bubble and even though what they did pretty clearly a poor choice it often still goes way...
by Watty
Sat Oct 13, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my taxable account for down payment for a house?
Replies: 6
Views: 509

Re: Should I sell my taxable account for down payment for a house?

We should have about 200k saved by the time we move. There are a lot of other expenses when you move and if the house is not move in ready you may want to do things like putting in new carpets, painting, minor remodeling etc. You probably will also want things like furniture, drapes, refrigerator, ...
by Watty
Sat Oct 13, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 17
Views: 2271

Re: What to do with inheritance

-Keep some number in savings to I can up my 401k contribution to max ($18,500). Should I consider putting the $18,500 in as soon as possible each calendar year, or leveraging it out over 12 months? You should spread it out over 12 months. The reasons are; 1) Some employers have an employer match th...
by Watty
Sat Oct 13, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 17
Views: 2271

Re: What to do with inheritance

Welcome to the forum. There's a Boglehead wiki page called Managing a Windfall that covers some of the basics. +1 Leaving most of the money in a high interest savings account or CD for at least six months is highly recommended. Maxing out the retirement accounts for 2018 is also a good idea. A few ...
by Watty
Sat Oct 13, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: FYI for anyone leasing a Ford
Replies: 6
Views: 779

Re: FYI for anyone leasing a Ford

Did they also extend the full warranty?

If not then how does that work now that the full three year warranty is expired and you just have the powertrain warranty?

I would hate to have to pay for an expensive repair on a leased car if there is a problem with something like the AC or electronics.
by Watty
Fri Oct 12, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 14
Views: 615

Re: How much assets to self insure (Life) ?

- Spouse works and per pay will cover 80% of our our annual expenses In many situations it would be good if the spouse did not still have to work right after losing their spouse and dealing with two kids that just lost a parent. Even if both of us pass away in an accident ,.. In addition to acciden...